LONDON (dpa-AFX) - Micro Focus International plc. (MCFUF.PK, MCRO.L) said it expects to report revenue of about $3.0 billion for fiscal year 2020, which is in line with management expectations. It represents a decline of about 10% on a constant currency basis compared to last year.
It expects annual adjusted EBITDA margin of approximately 39% for fiscal year 2020 which was towards the upper end of management expectations.
In total, the Group had $1.1 billion of available liquidity as at 31 October 2020 and, following the successful refinancing, the next facility maturity date is June 2024.
The company noted that the macro-economic environment remains uncertain and the potential long-term impact this has on the Group continues to be evaluated by the Board. The decision on its final dividend remains under review, as does the carrying value of goodwill and intangible asset.
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